This means a Binance account holder with a balance of $1 million who wants protection may buy a put option with a six-month expiry for an estimated price of $27,000-$33,000 paid upfront given the monthly rates. If the firm files for bankruptcy within the contract term, the seller would be obligated to buy the account holder’s valid bankruptcy claim at the full $1 million price.
Related posts
-
Chinese Court Declares Crypto Ownership Legal In Mainland China
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s... -
Bitcoin MVRV Metric Signals Market Heating Up—Here’s What Investors Should Know
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is... -
Blockchain Association urges Trump to prioritize crypto during first 100 days
The Blockchain Association has called on president-elect Donald Trump and Congress to prioritize five key actions...